USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-17 07:10 CT

Price Action

• Last: 123.3,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• WSFG Trend: Uptrend.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• MSFG Trend: Uptrend.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• YSFG Trend: Uptrend.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 113.86,
• 4. Pvt. Next: Pvt high 137.38,
• 5. Levels R: 154.08, 142.33,
• 6. Levels S: 113.86, 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 123.3 Down Trend,
• (Short-Term) 10 Day: 119.93 Down Trend,
• (Intermediate-Term) 20 Day: 126.48 Down Trend,
• (Intermediate-Term) 55 Day: 102.55 Up Trend,
• (Long-Term) 100 Day: 85.21 Up Trend,
• (Long-Term) 200 Day: 78.47 Up Trend.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

USO remains in a broad bullish futures-style expansion phase above the rising 55, 100, and 200-week benchmarks, following a major breakout from the 2023-2025 base near the low-70s. The current weekly structure is highly volatile: price rebounded sharply from the 102.42 swing-support area but remains beneath the declining 20-week benchmark at 126.48 and the active 137.38 pivot-reversal threshold. Short-term pivots remain in DTrend, defining the recent action as a countertrend recovery within a larger bullish trend. The 113.86 pivot low is the immediate structural reference, while 142.33 and 154.08 define the upper swing-resistance sequence. The large weekly bars and wide distance from long-term averages reflect elevated crude-linked volatility and a fast price cycle rather than a mature low-volatility trend.